Man forgets he once bought $25 of Bitcoins -- now worth $848K

  • 30 October 2013
  • 1 reply

Userlevel 7
Chris Matyszczyk wrote:
The things you don't think about can often bring you the most joy.
They manifest themselves to you at the most wonderful moments. Yes, sometimes they then leave you for a children's party magician, but that's not what happened to Kristoffer Koch.
In 2009, this no-doubt relaxed Norwegian wafted about his computer and decided to do a little online shopping. He spent 150 kroner (around $25.43) on some Bitcoins.
Actually, it was slightly more complex than that. At the time, he was writing a thesis about encryption and happened upon Bitcoin in passing.
As Norway's NRK reports, he made his purchase and then forgot all about it.
But once the Winklevii invest in something, you know it's going to be big. Indeed, earlier this year, the famous twins claimed they own 1 percent of all Bitcoins.
So, with the non-governmental currency more in the news, Koch wondered just what his might be worth. It turned out to be 5 million Norwegian krone (around $848,000).
Beat that, Big Boy Buffett.
 Read here.

1 reply

Userlevel 7
Oh wow. That is a return on investment!